M&A Deal Summary

Phoenix Tower International Acquires Tower Ventures

On March 5, 2020, Phoenix Tower International acquired communications company Tower Ventures

Acquisition Highlights
  • This is Phoenix Tower International’s 4th transaction in the Communications sector.
  • This is Phoenix Tower International’s 2nd transaction in the United States.
  • This is Phoenix Tower International’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2020-03-05
Target Tower Ventures
Sector Communications
Buyer(s) Phoenix Tower International
Deal Type Add-on Acquisition

Target

Tower Ventures

Memphis, Tennessee, United States
Tower Ventures is a cell phone tower operator that owns and manages 360 towers in the United States. Tower Ventures and its subsidiaries have developed towers since 1987 and over that time have successfully built and sold tower portfolios valued at over $600 million dollars.

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Buyer(S) 1

Buyer

Phoenix Tower International

Boca Raton, Florida, United States
Category Company
Founded 2013
Sector Communications
DESCRIPTION

Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 4 of 7
Sector (Communications) 4 of 6
Type (Add-on Acquisition) 3 of 4
State (Tennessee) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-28 Syscom Telecom

Hallandale Beach, Florida, United States

Syscom Telecom LLC is a small cell deployment business in the United States, manages and markets over 80,000 sites for small cell and macro cell deployments with various small cell master agreements in place with wireless operators. Syscom Telecom was founded in 2007 and is based in Hallandale Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Technology Associates

Midvale, Utah, United States

Technology Associates is a wireless telecommunications deployment and professional services firm consisting of Site Acquisition, Architecture and Engineering Design, and Construction Project Management. Technology Associates was founded in 2005 and is based in Midvale, Utah.

Buy -
Mergr

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